The global market for IT infrastructure management software is estimated to have a significant CAGR during the forecast period. IT infrastructure management software is the fundamental building block that allows best practices for the management of the IT infrastructure efficiently and allows users to schedule preventive care and track history. With the enhancements in the technological infrastructure, the demand for IT infrastructure solutions has also significantly increased. Organizations are spending in management software for their IT infrastructure as they are very adaptive to accelerated rates of change. Furthermore, to move forward from the conventional systems used for managing regular operations, these solutions came into handy and beneficial for the organizations. For the management of the industrial data which is around 1,000 gigabytes data per day, companies utilize digital asset management in order to decrease inventory needs, cumulative labor utilization, and lowering equipment downtime. 

 Segmental Outlook  

The global market for IT infrastructure management software is classified on the basis of deployment model and Industry. Based on the deployment model, the market is further classified into cloud-based and on-premises. The on-premises segment are projected to have considerable share in the global market. Due to on-premise hosting, IT professionals have access to all the aspects of back-end hosting infrastructure and can employ desired tools related to monitoring, management, and capacity planning. The professionals can make low-level configuration changes to infrastructure when required.  Based on the Industry, the global IT Infrastructure management software market is further segmented into BFSI, retail, IT & telecommunication, manufacturing, healthcare, others(government).

Global IT Infrastructure Management Software Market Share by Industry, 2018(%)

Global IT infrastructure management software market to be driven by IT & Telecommunication

The IT & telecommunication industry segment held a considerable share in the market owing to increasing cloud based infrastructure in IT and telecom industry. With a considerable number of assets in the IT sector to monitor, asset tracking has become a complex process in data centers. Visio diagrams and multiple excel files and homegrown systems may be difficult to maintain and use, and susceptible to errors. This, in turn, is leading the demand for IT infrastructure management software that allows keeping an accurate inventory of data center assets and real-time views across the whole data center, such as equipment in racks, including storage, servers, networking equipment, patch panels, and rack power distribution units (PDUs). It tracks comprehensive information regarding all data center infrastructure assets and provides immediate information regarding the available assets, including the asset location and its owner.

Regional Outlook 

Geographically, the global IT infrastructure management software market is further classified into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. The market growth in the region is increasing IT infrastructure in small and medium enterprises in emerging economies. The major countries which will have a significant market share during the forecast period are India, China, and Japan. Growth in the industry verticals such as BFSI, IT & telecommunication, manufacturing among others in these countries and increasing awareness toward the advantage of asset management are the major factors for the growth of the market in the region. 

Global IT Infrastructure Management Software Market Growth, by Region 2019-2025

North America to hold a considerable share in the global IT Infrastructure Management Software market

Geographically, North America is projected to hold a significant market share in the global IT infrastructure management software market.  Major economies which are anticipated to contribute to the North America IT infrastructure management software market are the US and Canada. Factors such as the presence of well-developed IT infrastructure, digitalization, rising adoption of IoT devices and cohesive government policies are augmenting the growth of the regional market. The US is estimated to dominate the regional market during the forecast period. Moreover, the surging demand for IT infrastructure management solutions by various industry verticals such as BFSI, government and IT & telecom, which are growing significantly in the region, is further driving the market growth. 

Market Players Outlook

The key players in the IT infrastructure management software market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market include BMC Software, Inc., Broadcom Inc., Cisco Systems, Inc., Dell Technologies, Inc., Hewlett Packard Enterprise Development LP, IBM Corp., Microsoft Corp., Oracle Corp., Red Hat, Inc., SAP SE and others. These market players adopt various strategies such as product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. 

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global IT Infrastructure Management Software market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.